Petrochemicals and refineries are two areas in the oil industry.
Petrochemical inputs are products of the oil industry, in particular refinery products and natural gas processing plants. In the 2012-2022 period, production of primary petrochemical products is estimated to grow at a CAGR of 4.29%. In 2016, the output of primary petrochemical products reached about 500.4 Million tons.
Demand for petrochemical products tends to increase over the years. Generally, prices of petrochemical products increased in January and February and began to decline from March onwards due to the impact of falling crude oil prices.
At present, almost all petrochemical refineries in the country are supplied by Dung Quat oil refinery of PVN, with the rest from Ba Ria – Vung Tau oil refinery with a capacity of 2,000 barrels per day.
Demand for petrochemical products is high, but domestic production capacity can not be met.
– Binh Son Refining and Petrochemical Company Limited
– Formosa Hung Nghiep Company Limited
– TPC VINA Plastics and Chemicals Company Limited
– AGC Vietnam Chemicals Limited Company
– Vietnam Polystyrene Limited Company